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Company Registration No. 02792666 (England and Wales)
KNIGHTSBRIDGE VENDING LIMITED Unaudited accounts for the year ended 31 December 2023
KNIGHTSBRIDGE VENDING LIMITED Unaudited accounts Contents
Page
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KNIGHTSBRIDGE VENDING LIMITED Company Information for the year ended 31 December 2023
Directors
P. Knights T. Knights
Company Number
02792666 (England and Wales)
Registered Office
THE CITY WORKS 18 NORBURY COURT WELCOMB STREET, OPENSHAW MANCHESTER M11 2NB
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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KNIGHTSBRIDGE VENDING LIMITED Accountants' report
Accountants' report to the board of directors of KNIGHTSBRIDGE VENDING LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KNIGHTSBRIDGE VENDING LIMITED for the year ended 31 December 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KNIGHTSBRIDGE VENDING LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of KNIGHTSBRIDGE VENDING LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KNIGHTSBRIDGE VENDING LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KNIGHTSBRIDGE VENDING LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KNIGHTSBRIDGE VENDING LIMITED. You consider that KNIGHTSBRIDGE VENDING LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KNIGHTSBRIDGE VENDING LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 6 February 2024
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KNIGHTSBRIDGE VENDING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
226,011 
231,818 
Current assets
Inventories
13,580 
20,954 
Debtors
45,417 
55,896 
Cash at bank and in hand
8,009 
26,179 
67,006 
103,029 
Creditors: amounts falling due within one year
(137,573)
(141,931)
Net current liabilities
(70,567)
(38,902)
Total assets less current liabilities
155,444 
192,916 
Creditors: amounts falling due after more than one year
(58,294)
(25,001)
Net assets
97,150 
167,915 
Capital and reserves
Called up share capital
26 
24 
Profit and loss account
97,124 
167,891 
Shareholders' funds
97,150 
167,915 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
P. Knights Director Company Registration No. 02792666
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KNIGHTSBRIDGE VENDING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KNIGHTSBRIDGE VENDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02792666. The registered office is THE CITY WORKS 18 NORBURY COURT, WELCOMB STREET, OPENSHAW, MANCHESTER, M11 2NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
RB 1%
Plant & machinery
RB 25%
Motor vehicles
RB 25%
Fixtures & fittings
RB 25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The directors consider that it is appropriate to prepare the financial statements on a going concern basis and forecast profits to improve in the coming 12 months.
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KNIGHTSBRIDGE VENDING LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
22,200 
At 31 December 2023
22,200 
Amortisation
At 1 January 2023
22,200 
At 31 December 2023
22,200 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
163,793 
609,939 
10,995 
45,056 
829,783 
Additions
- 
21,075 
- 
- 
21,075 
At 31 December 2023
163,793 
631,014 
10,995 
45,056 
850,858 
Depreciation
At 1 January 2023
22,718 
525,679 
4,810 
44,758 
597,965 
Charge for the year
1,411 
23,850 
1,546 
75 
26,882 
At 31 December 2023
24,129 
549,529 
6,356 
44,833 
624,847 
Net book value
At 31 December 2023
139,664 
81,485 
4,639 
223 
226,011 
At 31 December 2022
141,075 
84,260 
6,185 
298 
231,818 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,468 
39,666 
Accrued income and prepayments
1,949 
3,392 
Other debtors
- 
12,838 
45,417 
55,896 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
31,885 
19,397 
Trade creditors
74,005 
71,804 
Taxes and social security
17,673 
9,220 
Other creditors
4,010 
7,377 
Loans from directors
- 
24,133 
137,573 
141,931 
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KNIGHTSBRIDGE VENDING LIMITED Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,001 
25,001 
Loans from directors
43,293 
- 
58,294 
25,001 
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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